Let’s check out what was the most important news and trends on the crypto market in September.
zondacrypto Team
10 October 2023
3 February 2024
The FED Pauses Interest Rate Hikes
The Federal Reserve System (FED), the central bank of the US has decided to put a pause on its interest rate hike policy that saw interest rates rising from 0.5% to 5.5% in a year and half since March 2022. However, it isn’t clear whether the FED is ending its interest rate hike cycle or if they’re just pausing to gather the means to continue with the rate hikes. Nonetheless, if the pause signifies a potential economic recovery in the following period, crypto prices might also see some increases due to the rise of the general financial market stability. It’s important to stay vigilant regarding crypto investments because the price swings can go both ways.
Crypto Regulations Are Speeding Up
During September, crypto regulators have been speeding up on a global basis. The International Monetary Fund (IMF), European Central Bank (ECB), and the European Commission (EC) have published announcements regarding the need for regulating the crypto market, with special focus on stablecoins and decentralized finance (DeFi). At the same time, the US Securities and Exchange Commission (SEC) has announced that they will be filing further charges against additional exchange platforms and DeFi protocols to combat non-regulated crypto services and protect users.
NFTs Have Plunged
NFTs have witnessed a major upsurge during the crypto bull market in 2021, but have been on a downward path ever since. A recent market report shows that, based on data from CoinMarketCap and NFT Scan, 95% of NFT holders are now holding worthless digital assets. Around 69,000 NFT collections out of 73,000 have a market capitalization of 0 ETH. This data shows that NFTs have proved to be a far riskier investment compared to cryptocurrencies during the last two years.
DISCLAIMER
This content does not constitute investment advice, financial advice, trading advice or any other type of advice and should not be considered as such; zondacrypto does not recommend buying, selling or owning any cryptocurrency. Investing in cryptocurrencies involves a high degree of risk. There is a risk of losing invested funds due to changes in cryptocurrency exchange rates.
Today, we would like to talk about blockchain operations from the side of the protocols. Their collaboration aims to come as close as possible to solving the blockchain trilemma. Find out how this interconnected system works!
Finanza Digitale: Cryptocurrency platform zondacrypto selects Giorgio Chiellini as brand ambassador
Italian Digital Finance describes zondacrypto as a well-known online cryptocurrency trading platform that has become a sponsor of Juventus and the Giro d'Italia, with Giorgio Chiellini as its ambassador.
Sport marketing: Our partnership with Juventus and Raków is just the beginning
In an interview with Sport Marketing, we talk about how zondacrypto brings the worlds of sport and finance together. We also reveal what our growth plans are for the coming year.
Telewizja Biznesowa: What will the cryptocurrency law change?
We encourage you to watch and listen to a discussion about the new cryptocurrency law in Poland, during which our CEO, Przemysław Kral, provides insight into the current market situation.
Sport marketing: Polish company will be visible in the Champions League
The partnership with Juventus football club has been a success for zondacrypto, a cryptocurrency exchange licensed in Italy. The Italian market has become the second most important market in Europe for the company. zondacrypto plans to invest further in sports sponsorship, including women's sports.
wprost biznes: Cooperation of leaders from different industries
The cryptocurrency exchange zondacrypto has partnered with the Giro d'Italia to promote its services and educate about cryptocurrencies. The company plans further activities in the sport and as well as developing its products, including releasing a new mobile app.
wprost: In the special feature on the Giro d'Italia, an interview with the race partner – zondacrypto
In a special feature in the 'wprost' newspaper, we share our heartfelt commitment to cycling and the exhilarating atmosphere of cheering at the Giro d'Italia. zondacrypto's CEO Przemyslaw Kral talks about the merging of the worlds of sport and cycling and a special competition for race fans.
wprost sport: A collaboration at the crossroads of finance and football. zondacrypto and Juventus FC
We are investing in the sports market. Our new partnership with Juventus FC marks a significant milestone in the global growth of our exchange. For more details, see the ‘wprost sport’ interview with Przemysław Kral, CEO of the company.
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